The Real Deal reports:

Buying mansions here and there is not enough for the uber-rich.

“Landmaxxing,” or buying up adjacent properties to assemble sprawling private compounds, has been a major part of the ultra-luxury market this year, the Wall Street Journal reported.

Compounds are increasingly in demand, and some of the business world’s biggest names are leading the trend. In South Florida, Citadel billionaire Ken Griffin dropped more than $450 million to piece together a 27-acre Palm Beach compound. Griffin has spent more than $1 billion assembling land from Miami to Palm Beach, The Real Deal previously reported.

Jeff Bezos has become one of the most prolific buyers in Indian Creek Village, Miami’s “Billionaire Bunker” enclave, where he’s spent more than $230 million on several residential properties.

Last month, WeatherTech CEO David MacNeil and Oracle chairman Larry Ellison paid a combined $67 million for land from Florida real estate developer Stewart Satter, splitting the property for their respective neighboring Manalapan compounds. Larry Ellison has also been a busy buyer in Malibu, California, and Nevada’s Incline Village, the newspaper reported. [Continue reading…]